Alcatel-Lucent Announces Resignation of Board of Directors
Nokia announced the 100% ownership of Alcatel-Lucent following the completion of the Squeeze-Out of all remaining Alcatel-Lucent securities not tendered into the Public Buy-Out Offer, completing the acquisition announced 19 months ago. The composition of the Board has been modified to reflect the new ownership structure of the company. Independent directors Carla Cico, Jean-Cyril Spinetta and Sylvia Summers, as well as Board observers Gilles Le Dissez and Laurent du Mouza, resigned from the Board.
Samsung Electronics Vice Chairman Jae-Yong Lee Joins Board
Samsung Electronics approved the nomination of Vice Chairman Lee Jae-yong to the electronics giant's board of directors. The approval enables the 48-year-old Lee, the only son of the ailing Samsung Electronics Chairman Lee Kun-hee, to more actively participate and take formal responsibility in the company's important decision-making. The younger Lee joined Samsung Electronics in 1991.
Alibaba Appoints Former McKinsey Exec to Oversee Strategy and Investment Team in India
Alibaba appointed Madhur Deep as its SVP. In his new role, Deep will take care of strategy and investment team in India at Alibaba. Prior to this appointment, Deep worked for McKinsey as its Senior Engagement Manager.
GE Digital COO Joins United Technologies as CIO
Vince Campisi, COO for GE Digital, responsible for cybersecurity, business and cloud operations, has left. He joins United Technologies as SVP, Digital, and CIO. Campisi started with GE in 1999 and progressed through leadership roles including GM, Cloud Services & CIO for GE Software.
AT&T Appoints Redpoint Ventures Co-Founder to its Board of Directors
AT&T has appointed Geoffrey Yang, 56, to its Board of Directors. Geoff co-founded Redpoint in 1999 and has backed trailblazing consumer Internet companies from the earliest stages that include Ask Jeeves, Excite, MySpace, and TiVo. He has been involved in Redpoint’s investments in Arista, Bluefin, Calix, Efficient Frontier, Foundry, Juniper Networks, and Victorious. He was previously a member of the President’s Information Technology Advisory Committee and the advisory council for the Stanford Graduate School of Business. He currently serves on the board of Electric Imp, Machinima, Scribd, TasteMade, Tidemark, and Vurb.
Facebook Appoints New Leader for Infrastructure Connectivity and Investments; Names Geographic Leaders
Facebook has hired Kevin Lo, the former GM for Google Fibre, as its new director of infrastructure connectivity and investments. The appointment shows Facebook is expanding its Internet connectivity plans as Lo will work with Facebook's external partnerships, such as the fibre-optic cable deal Facebook made with Microsoft, which aims to provide stronger Internet connectivity to densely populated urban areas.
Apple Makes Appointments to Key Leadership Roles
Apple hired Tesla Motors' former VP of vehicle engineering Chris Porritt to work on its own car project dubbed Project Titan. Steve Zadesky, who led Apple's Project Titan left the company earlier this year. Before working at Tesla, Porritt served as chief engineer for British luxury carmaker Aston Martin.
AT&T Services Division Names Insider as CIO
AT&T named Pam Parisian as CIO of the company’s new AT&T Services division as it reorganizes toward a software-defined public network. Previously, Parisian was SVP of mobility and home IT solutions. As a key member of the AT&T Information Technology executive management team, Parisian has been responsible for aligning the wireless organization’s technology strategy with the AT&T wireless business strategy for both consumers and business customers. Parisian has also held roles at Cingular Wireless (now AT&T) and she also served as CIO for BellSouth Cellular.
Hewlett-Packard to Split into Two Companies – HP, Inc. and HP Enterprise
Hewlett-Packard plans to break in two, separating its printing and personal systems businesses from its corporate hardware and services operations. The company will cut another 5,000 jobs in the process of carrying out the breakup. Meg Whitman, 57, is slated to be chairman of the PC and printer business, to be known as HP Inc., and CEO of the other company, to be called Hewlett-Packard Enterprise.
Hewlett-Packard Appoints CEO and President Meg Whitman Additionally to Chairman Role; Director Pat Russo Becomes Lead Director
Hewlett-Packard CEO and President Meg Whitman, 57, was additionally appointed as Chairman, after the resignation of Ralph Whitworth, 59, for health reasons. Before joining HP, Whitman served as a part-time strategic advisor to Kleiner, Perkins, Caulfield & Byers. Previously, she was President and CEO of eBay and held executive-level positions at Hasbro, a toy company, FTD, a floral products company, The Stride Rite Corporation, a footwear company, The Walt Disney Company, an entertainment company, and Bain & Company, a consulting company.